Township Executes Collateralization Agreement with Grundy Bank

Erienna Township executed a Securities Account Control Agreement with Grundy Bank to collateralize Township deposits exceeding FDIC insurance limits. The agreement implements the Board's prior decision to secure public funds held at the bank.

Document date · June 15, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Securities Account Control Agreement continues in force while deposits are maintained and collateral pledged; renewal terms not specified in minutes.

Document type

Minutes

Source document

Erienna Township Regular Monthly Board Meeting Minutes 2026-06-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Erienna?

Grundy Bank was awarded this financial services contract by Town of Erienna, as recorded on June 15, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Erienna Township Regular Monthly Board Meeting Minutes 2026-06-15 (Minutes), dated June 15, 2026 from Town of Erienna. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Grundy Bank hold?

Grundy Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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